2008 October 22 | G NETWORK

Archive October 22nd, 2008

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DOW JONES

XJO Australia

Famed Wedgwood cracks under pressure
RENOWNED crystal and pottery maker Waterford Wedgwood has cracked - filing for bankruptcy protection yesterday.
Leighton profits dive by 60 per cent
THE first-half profit of Australia’s largest construction and engineering firm has plummeted by 60 per cent because of the world economic slowdown.
Market ends day positive, up 1.5pc
THE share market was in positive territory at the close, with gains across all sectors except for healthcare.
Bank mergers likely in credit squeeze
FORMER bank boss believes more mergers are in the pipeline as local banks feel the pinch from the credit crunch.
Regulators examined Madoff - report
BERNARD Madoff’s company was examined at least eight times in 16 years by US regulators, a report said.

Cloud on car sales
AUSTRALIA’S car industry faces a downturn that could hit 15 per cent, making the sector a barometer of the country’s economic health.
Famed Wedgwood cracks under pressure
RENOWNED crystal and pottery maker Waterford Wedgwood has become the latest victim of the global economic crisis after filing for bankruptcy protection yesterday.
Confidence slowly returning to market
THE Australian share market closed firmly in the black today, with gains across most sectors.
Rio Tinto resumes Pilbara mining
RIO Tinto has resumed all of its iron ore operations in Western Australia’s Pilbara region after suspending some activities.
Business confidence at record low
BUSINESS confidence is at a record low, with the global financial crisis dealing a blow to sales and profitability.

Leighton profits dive
THE first-half profit of Australia’s largest construction and engineering firm has plummeted by 60 per cent because of the world economic slowdown.
Interest rates unchanged
THE Reserve Bank of Australia has kept interest rates on hold for now, but further cuts are widely tipped from as early as next month.
Pushbikes outsell cars
AUSTRALIAN consumers, braced for bad times, are continuing to buy more pushbikes than cars in what may be a sign of things to come.
Hunt for bargains continues
THE Boxing Day sales party that sparked an unprecedented shopping spree across Queensland looks set to continue well into the month.
Bid to jail Madoff for breach
US prosecutors have asked a judge to imprison financier Bernard Madoff, saying he has violated his bail as he awaits trial on fraud charges.